Sampson Supply Inc.has outstanding borrowings that include preferred stock.One of these borrowings is (nonconvertible)preferred stock (cumulative)with a par value of $150 and an annual dividend rate of 4.50%.This preferred stock is currently selling for $175 per share.What is the yield or return on this nonconvertible preferred stock?

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The Answer of Sampson Supply Inc.has outstanding borrowings that include preferred stock.One of these borrowings is (nonconvertible)preferred stock (cumulative)with a par value of $150 and an annual dividend rate of 4.50%.This preferred stock is currently selling for $175 per share.What is the yield or return on this nonconvertible preferred stock?